Keurig Dr Pepper (KDP) Receives New Coverage from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Keurig Dr Pepper (NYSE:KDP) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a neutral rating and a $30.00 price target on the stock.

Other analysts also recently issued research reports about the company. ValuEngine downgraded Keurig Dr Pepper from a sell rating to a strong sell rating in a research note on Thursday, August 2nd. Guggenheim assumed coverage on Keurig Dr Pepper in a research note on Thursday, September 13th. They set a neutral rating and a $22.00 target price on the stock. Zacks Investment Research raised Keurig Dr Pepper from a strong sell rating to a hold rating in a research note on Tuesday, September 18th. Citigroup lifted their target price on Keurig Dr Pepper from $15.46 to $26.00 and gave the company a neutral rating in a research note on Friday, August 10th. Finally, Susquehanna Bancshares assumed coverage on Keurig Dr Pepper in a research note on Wednesday, July 25th. They set a positive rating and a $33.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $26.55.

KDP traded up $0.17 on Friday, hitting $27.71. 1,766,026 shares of the company’s stock traded hands, compared to its average volume of 4,031,535. The company has a market capitalization of $38.56 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 1.59 and a beta of 0.47. Keurig Dr Pepper has a one year low of $20.46 and a one year high of $126.65. The company has a current ratio of 0.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.65.

Keurig Dr Pepper (NYSE:KDP) last issued its earnings results on Wednesday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. Keurig Dr Pepper had a return on equity of 15.76% and a net margin of 13.55%. The firm’s quarterly revenue was up 139.6% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. Equities research analysts predict that Keurig Dr Pepper will post 1.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.17%. The ex-dividend date was Thursday, October 4th. Keurig Dr Pepper’s dividend payout ratio is presently 13.22%.

In other news, insider Maria A. Sceppaguercio-Gever purchased 15,830 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average price of $28.03 per share, for a total transaction of $443,714.90. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Peter Harf purchased 21,400 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were purchased at an average price of $23.43 per share, with a total value of $501,402.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 166,652 shares of company stock valued at $3,985,160 in the last 90 days. 0.58% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KDP. FMR LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at approximately $459,135,000. BlackRock Inc. purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at approximately $173,646,000. JPMorgan Chase & Co. purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at approximately $135,460,000. Victory Capital Management Inc. purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $114,109,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $106,865,000. Institutional investors and hedge funds own 11.91% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

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Analyst Recommendations for Keurig Dr Pepper (NYSE:KDP)

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